The stock price of Hyundai Motor India has opened at Rs 1,931 per share on the BSE, which is a discount of 1.5% compared to its IPO price of Rs 1,955 per share. The stock’s performance: IPO Price: Rs 1,955 per share Opening Price: Rs 1,931 per share Discount: 1.5% […]
Waaree Energies’ Rs 4,321-crore IPO saw full subscription within two hours of opening on October 21. A leading solar energy company with a 12 GW PV module capacity, Waaree attracted strong investor interest. The grey market premium surged over 100% ahead of the IPO, indicating strong market sentiment. Strong investor […]
The IPO of Hyundai Motor India Ltd (HMIL) has been a subject of much anticipation and speculation. While the strong subscription rate from institutional investors is encouraging, the relatively subdued retail investor participation raises questions about the overall market sentiment towards the IPO. Strong institutional interest: The IPO received a […]
Hyundai Motor India’s IPO, the largest in India’s history, concluded with a strong subscription rate of 2.37 times. The Rs 27,870 crore public issue saw a late surge in demand from institutional investors, with 23.63 crore shares bid against 9.98 crore offered. Despite a sluggish start due to market volatility […]
In Q3 2024, China’s economy grew by 4.6% year-over-year, slightly surpassing analysts’ forecasts. While this reflects economic resilience, quarter-on-quarter growth slowed to 0.9%, indicating challenges in reaching the government’s 5% annual target.
The Indian stock market is currently trading in the red. The Nifty is down 0.13% at 24,650, and the Sensex is down 0.08% at 330 points. All the sectoral indices are trading in the red, with FMCG, IT, and realty being the major drags. Axis Bank, Bharti Airtel, ITC, ONGC, […]
Pranik Logistics shares listed at a modest 2.6% premium over their IPO price on the National Stock Exchange Small and Medium Enterprises (NSE SME) platform. The listing gains fell short of grey market expectations, but the IPO received an overwhelming response from investors. Pranik Logistics’ IPO saw an overwhelming response, […]
Bajaj Auto’s stock fell 8% following disappointing Q2 earnings, driven by weak sales in its key three-wheeler segment and rising input costs. The company also cut its guidance for the upcoming quarters, raising concerns among investors. Brokerages remain cautious, predicting a further drop in profits due to the impact of […]
RVNL has secured a contract worth ₹270 crore from the Maharashtra Metro Rail Corporation. The contract involves the construction of elevated metro stations. The contract is expected to boost RVNL’s revenue and further strengthen its position in the infrastructure sector. The company’s strong performance in the stock market is likely […]
Unexpected Demand for SP Group Bonds: Despite the downgrade, there’s been a surge in interest for SP Group bonds, particularly from domestic wealth management firms. This unexpected demand suggests that investors may be seeing potential value in these bonds, perhaps driven by other factors beyond the credit rating. Noel Tata’s […]